Common use of EXCHANGES OF EXISTING DEBT Clause in Contracts

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company and the Creditor agree, subject to Section 1(e) below, to exchange (each, an “Exchange”) all (reduced only as set forth in Section 1(e) below) of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company and hereby grants the Creditor agreean option, subject to Section 1(e1(d) below, to exchange (each, an “Exchange”) all (reduced only as set forth in Section 1(e) below) all, or any part, of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company and hereby grants the Creditor agreean option, subject to Section 1(esection 1(d) below, to exchange (each, an “Exchange”) all (reduced only as set forth in Section 1(e) below) all, or any part, of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period (the “Exchange Period”) commencing on the date hereof and ending on the date no Existing Debt remains outstanding April 17, 2016 (the “Exchange PeriodOutside Date”), the Company and the Creditor agree, subject to Section 1(e) below, to exchange (each, an “Exchange”) all (reduced only as set forth in Section 1(e) below) of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).